Green Plains (NASDAQ:GPRE) Shares Down 4.1% – Here’s Why

Green Plains Inc. (NASDAQ:GPRE)’s share price dropped 4.1% on Tuesday . The company traded as low as $9.27 and last traded at $9.15. Approximately 25,207 shares were traded during trading, a decline of 98% from the average daily volume of 1,287,885 shares. The stock had previously closed at $9.54.

Analysts Set New Price Targets

A number of analysts have recently issued reports on GPRE shares. StockNews.com raised Green Plains from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Truist Financial decreased their price target on Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Finally, Stephens raised shares of Green Plains to a “hold” rating in a research note on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Green Plains currently has an average rating of “Moderate Buy” and an average target price of $25.50.

Green Plains Stock Performance

The company’s 50-day simple moving average is $10.12 and its 200-day simple moving average is $12.41. The stock has a market capitalization of $582.43 million, a price-to-earnings ratio of -23.78, a PEG ratio of 1.18 and a beta of 1.46. The company has a current ratio of 1.78, a quick ratio of 1.16 and a debt-to-equity ratio of 0.46.

Institutional Investors Weigh In On Green Plains

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Assenagon Asset Management S.A. increased its position in Green Plains by 1,122.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company’s stock valued at $6,675,000 after purchasing an additional 646,507 shares during the period. Clifford Capital Partners LLC boosted its holdings in Green Plains by 53.7% in the second quarter. Clifford Capital Partners LLC now owns 511,026 shares of the specialty chemicals company’s stock worth $8,105,000 after acquiring an additional 178,484 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Green Plains by 16.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,150,738 shares of the specialty chemicals company’s stock worth $15,581,000 after buying an additional 159,147 shares in the last quarter. Point72 Asset Management L.P. lifted its position in Green Plains by 29.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 556,095 shares of the specialty chemicals company’s stock valued at $7,530,000 after acquiring an additional 126,795 shares in the last quarter. Finally, Algert Global LLC purchased a new stake in Green Plains during the 3rd quarter valued at $1,572,000.

About Green Plains

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.